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Data table (Cilck the icon to view the data.) Read the requirementa- Requirement 1. Compute direct manufacturing labor variances for July. Label each variance as favorable (F) or unfavorable (U). Requirement 2. Compute the actual pounds of direct materials used in production in July. Begin by computing the number of pounds ropresented by the diroct materlale efficiency variance. Determine the formula, then complote the computation. Noxt, compute the budgeted pounds allowed for the output achieved. Determine the formula, then complete the computation. Determine the formula to compute the actual pounds of diroct materials used in production in July. Actual: = pounds used Aaliona Bay Surboards actually used pounds of direct materials for production in July. Requirement 3. Calculate the actual price per pound of direct materials purchased. Determine the formula, then complete the computation. (Round your answer to the nearest cent.) +[+[]=Actualprice]= Requirement 4. Calculate the direct materials price variance